MRC recognizes the following companies as the key players in the global automotive piston market: Rheinmetall Automotive, AISIN SEIKI, MAHLE, and Federal-Mogul.
Other Prominent Vendors in the market are: KS Kolbenschmidt US, TIK Piston Taiwan, Menon Piston, and Wiseco.
Commenting on the report, an analyst from MRC’s team said: “The latest trend gaining momentum in the market is Increasing introduction of innovative engines such as Renault Powerful. The approach of Renault on cleaner and efficient vehicles is quite new. The company has developed a new two-stroke engine named Powerful that stands for powertrain for the future light-duty vehicle. The engine can also be used in cars and light trucks. It is a two-cylinder engine and not the conventional four-cylinder engine from Renault.”
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According to the report, one of the major drivers for this market is Increasing demand for vehicles. The global automotive industry is growing at a significant rate. This is attributed to the high demand for passenger cars, specifically from emerging economies such as China, India, and Brazil. These regions have shown significant economic growth over the past few years. The market growth in these regions has been dynamic due to industrialization and global trade activity, especially in Brazil, Russia, India, and China (BRIC) countries. With the increasing number of passenger vehicles in these countries, the automotive piston market will also grow.
Further, the report states that one of the major factors hindering the growth of this market is High requirement for engine downsizing. The US Environmental Protection Agency (US EPA) along with the National Highway Traffic Safety Administration (NHTSA) is working toward a status that enables reduced GHG emissions and better fuel efficiency for vehicles and engines. This plan includes all types of vehicles from entry-level passenger cars to heavy-duty trucks. To meet the regulations on emissions by different governments and to meet the fuel efficiency demands, the automakers followed the procedure of engine downsizing. Downsizing of the engine can be done in two ways: by reducing the dimension of the cylinders and by reducing the number of cylinders.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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